Re: PM me if interested in joining potential class action suit v. Nete
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Not being from the USA I don't know how this would work but as there are a lot of lawyers on this thread would be intersting to hear any views and other opinions.
Imagine player A deposits 500 into a site from neteller then later withdraws back into neteller 2500 from the site. Therefore there is a taxable gain of $2000?
If a class action lawsuit only returns a certain % is the player still also liable to pay tax on the full $2000? So could end up costing them more money than they have in Neteller in the first place.
What sort of percentage of players do you think have fully paid tax on their winning transactions in neteller? Are the non tax payers going to be in for a big shock once all the EFT and other banking records the DOJ have been after have been reviewed?
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Dotti, I suggest consulting a tax lawyer. I would be very suprised, however, if the $2000 was considered taxable income if never received by the player. My GUESS would be that the taxable gain, in such a scenario, would equal the amount recovered less the initial deposit.
This is not legal advice, and you should consult a tax lawyer if you are in need of tax advice.
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